A penetration test is a planned hacking attempt on a system or network to find weaknesses and improve its security. As part of this test, Bitunix underwent a thorough security audit to identify and mitigate potential vulnerabilities.

“Users have to be safe, so therefore we are not just building a platform; we are creating a fortress for our users. We have passed this test and this means that we are ensuring that our community can trade with confidence in an environment that prioritizes their safety above everything else”, said co-founder of Bitunix Arron Lee.

Bitunix Will Undergo Constant Audits Through Hacken Bug Bounty Program

Often crypto exchanges have failed to protect themselves and their users from cyber attacks, thus being hacked and losing millions. Only in the third quarter of 2024 hackers have stolen over $750 million in crypto assets marking a 9.5% increase compared to previous period according to Cointelegraph. This highlights the ongoing vulnerabilities within the crypto ecosystem.

Considering this, Bitunix has partnered with Hacken, a leading and trusted blockchain security auditor and a company that plays a key role in securing digital platforms. From now on, the latter will perform constant audits of the exchange through its bug bounty program, which will serve as an extra layer of defense for the exchange.Through this program, Bitunix encourages the global community of security experts and ethical hackers to continuously test the platform and report any issues or vulnerabilities.

According to Bitunix, this program strengthens the platform in terms of security, helping it to be one step ahead of any potential attacks and ensuring that any possible issues are quickly resolved before they can affect users.

This 2024 penetration test and the partnership with Hacken shows Bitunix’s commitment to user security and its serious approach to maintaining high standards, in line with its mission. It also proves that Bitunix security protocols surpass industry standards and that transparency is a priority for the exchange.

About Bitunix

Bitunix is a global cryptocurrency derivatives exchange founded in 2021, committed to offering simple, secure, transparent, and cost-effective trading services to its users. Bitunix specializes in both spot trading and perpetual futures, with over 250 trading pairs and leverage of up to 125x.

With features such as top-tier liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of providing a reliable trading experience for the global crypto community. Bitunix has attracted more than 1,000,000 users from over 100 countries, facilitating a daily trading volume exceeding $1 billion on its platform.

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